Nice post, you used the word "fact" six times but didn't actually reference a single one of your own.
If you disagree with my post then explain why. Goodoil used GPX as a comparison and I'm simply highlighting the fact (yes, fact) that on an enterprise valuation basis Volt would be trading at 1.5 cents to be at the equivalent EV of GPX. There's no smoke and mirrors in that statement, just a straightforward financial comparison.
I understand that you are frustrated with the share price and clearly with anyone who posts a negative comment. Unfortunately I think VRC has a lot further to fall based on the analogy provided by our resident major shareholder, not to mention the risk to the balance sheet which hasn't been resolved in my view by creating $1.1 million of debt and a charge over the asset.
I think SunsetGirl is right about it being positive to see CNBM honour the deal with GPX. I just don't think it's particularly relevant to Volt at this point.
VRC Price at posting:
2.7¢ Sentiment: Sell Disclosure: Not Held
